the language, money, legal, systems of weights and measures and firms (Hodgson, 2006:2). According to Storry and Childs (2007), institution in Britain can be divided into two categories: ‘official’ institutions, which are prerequisites of a stable society, such as Parliament; Bank of England; the BBC; ‘unofficial’ institutions, which are directly dominant or impact on people’s daily lives, for example, the Glastonbury Festival; the Notting Hill Carnival; the Edinburgh Festival. Culture its broad sense…
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